Competent commission approves report on draft on amendment of law on oil products market in Moldova

Chisinau, 23 August /MOLDPRES/ - The parliamentary commission for economy, budget and finances, at a today’s meeting, approved a report on the draft on amendment of the law on oil products’ market, for the second reading. The introduction of an amendment to improve the draft law is suggested in the second reading.     

The amendment sees that the National Energy Regulatory Agency (ANRE) will establish the maximal retail selling prices for the principal standard-type oil products on each working day. The prices will be valid as of 00:01 for next day/days to the one/ones when they were established. The maximal retail selling prices for the principal standard-type oil products will be published on ANRE’s official webpage.   

In accordance with the amendment submitted, the retail sale of the principal standard-type oil products at a price exceeding the maximal price established by the National Energy Regulatory Agency is banned. At the same time, the Agency will elaborate the Methodology of calculation and enforcement of the prices for oil products, in line with the general Norms of calculation and enforcement of the prices for the  principal standard-type oil products.  

Also, the amendment proposes that the products imported from the European Union do not need reports on verification when introduced in Moldova and the methodology on enforcement of this provision is to be elaborated in six months. The draft on amendment of the law on the oil products market also provides for a fivefold decrease in the compulsory capacity of depositing, which an importer should meet, and namely from 5,000 cubic metres to 1,000 cubic metres.    

Another stipulation of the draft refers to removing the need to have a quantum of at least 8 million lei one’s own capital, as this minimal quantum hinders the appearance of more economic agents on market, the document’s authors said.  

The draft amendment was elaborated, in order to remove the deficiencies from the legislation in force, which trigger risk situations on the oil products market. The draft is to be voted in final reading at a parliament meeting due on 24 August.

photo: Parliament